Consumer groups warn CFPB rollback of mortgage rules could expose borrowers
A coalition advocacy organizations is warning that proposed changes to federal lending rules could leave consumers vulnerable.
Truth in Lending Act
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loanDepot asks judge to toss West Capital Lending complaint
loanDepot says WCL lacks standing under TILA and shows no lost customers, urging dismissal with prejudice in California federal court.
CFPB seeks input on mortgage disclosures and TRID rules
CFPB issued an RFI on TRID, refinance rescission and reverse mortgage disclosures, asking if current rules raise costs and limit access.
West Capital Lending sues loanDepot, alleges unlawful pay scheme
West Capital Lending has sued loanDepot, accusing the California-based mortgage lender of engaging in a long-running compensation scheme that violates the Truth in Lending Act.
CFPB dismisses TILA lawsuit against Vanderbilt Mortgage
The bureau dropped a case in which it accused the lender of granting borrowers “unaffordable loans” that caused some to lose their homes.